Real Estate Monthly Statistics for December 2017 and the Annual Statistics

Posted on January 10, 2018 by Ian Hodson

Real Estate Monthly Statistics for December 2017 and the Annual Statistics

December 2017

November 2017

December 2016

Nanaimo

Unit Sales:

120

116

71

Average Sale Price:

$529,724

$531,307

$451,465

Parksville / Qualicum

Unit Sales:

28

59

24

Average Sale Price:

$536,034

$612,156

$490,321

Nanaimo home sales increased 69% in December 2017 when compared with December 2016. The average sale price increased 17%. The median house price was $505,000.

Parksville/Qualicum home sales increased 17% in December 2017 when compared with December 2016. The average sale price increased 9%. The median house price was $517,000.

Annual Statistics

2017

2016

% change

Nanaimo

Unit Sales:

1605

1698

-5%

Average Sale Price:

$518,449

$447,440

16%

Parksville / Qualicum

Unit Sales:

797

935

-15%

Average Sale Price:

$548,378

$482,467

14%

Synopsis

In Nanaimo for December 2017 there were 191 active listings of single family freehold homes, which is the same as December 2016.

The graphs below are for Nanaimo and show the average sold numbers and average sold price since January 2014 (single family homes only.)

The following graph shows the % difference of the housing price index (HPI) from the same month 12 months ago. It is split into the different sub-areas and is for single family homes.

The following graph shows what is called the absorption rate. This is the time it would take the current homes for sale, to sell, if no new homes were listed, which indicates whether we have a sellers, balanced or buyers market. The 3 rates are based on 1, 6 and 12 months of sales data.

This graph shows the annual average sold numbers and price since 2009 for single family homes:

These figures do concentrate on single family homes but if you would like similar information for other property types, such as apartments or patio homes, or specific geographical areas of Nanaimo or Parksville/Qualicum, then I would be more than happy to discuss those with you as well.